The headlines this morning are all about the Greek debt deal that European leaders hammered out over the weekend. Good news, I suppose, but as usual, the devil is in the details.
July 13, 2015
The headlines this morning are all about the Greek debt deal that European leaders hammered out over the weekend. Good news, I suppose, but as usual, the devil is in the details.
Last week was relatively quiet in U.S. economic news, but the news we did get was generally encouraging. Once again, the top stories came from abroad, as China’s market stabilized and Greece moved closer to exiting the eurozone before reaching a deal over the weekend.
As I mentioned yesterday and in my monthly Market Thoughts video, I’m worried about Greece, but in many ways, I’m more concerned about China. We know about China’s slowing economy and the need to transition from infrastructure- and export-led growth to consumer-driven growth, but these are long-term trends and were basically going well.
What’s new—and worrying—is the boom and subsequent plunge in the Chinese stock market.
Starting today, I’m introducing a new format for my Monday posts, briefly highlighting key stories from the past week plus items to watch in the week ahead. Of course, I’ll continue to provide more detailed analyses of major topics throughout the week, as situations develop.
Yesterday, a reader wrote in with a question about what might happen to a U.S. citizen’s deposit in a Greek bank. I don’t have the answer, but the question made me think about U.S. bank deposits, which led me to imagine what the next wave of doom-and-gloom commentary here in the U.S. might be.
June 30, 2015
Yesterday wasn’t a good day for the stock market—anywhere. When I wrote yesterday’s post, the U.S. markets were only off by a bit. But the drop later in the day looked like it might be a bad sign; at a little over 2 percent, it was the largest one-day dip in some time.
June 29, 2015
The headlines this morning are all about Greece, as they should be. But to put things in context, let’s first go back to recent economic news here in the U.S. In order to understand what the Greek crisis means to us, we have to understand where the U.S. economy is today.
June 25, 2015
The topic of the day, once more, is Greece. Frankly, I’m sick of writing about Greece, and I’m sure everyone involved in the negotiations, including the Greeks, is even more tired of the whole thing than I am.
Here's the question: Why do we all continue to bother? What makes Greece worthy of such continued attention?
June 23, 2015
This will be a short post, as I’m headed out for jury duty this morning. It’s been some time since I last reported, and I have to admit I’m not very excited. It is a civic duty, though, so off I go.
The question is, Will the eurozone show up for its own version of jury duty?
The market rally on Thursday begs the question, how much higher can we go? I shared my thoughts on earnings expectations and what sectors may provide continued growth opportunities for investors in an appearance on CNBC's Power Lunch program.
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